latest news releases from the newsroom
Transcontinental Realty Investors, Inc.
Transcontinental Realty Investors Reports 2002 Second Quarter, Six Months Net Losses of $.24 and $.41 vs. $1.64 and $1.68 Net Income in 2001 Periods
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) announced Wednesday 2002 second quarter and six months net losses of $1.90 million and $3.28 million, or ($.24) per share and ($.41) per share, on revenues of $30.65 million and $58.96 million, as compared to net incomes of $14.32 million and $14.63 million, or $1.64 per share and $1.68 per share, on revenues of $28.05 million and $53.42 million for the comparable periods in 2001, due to decreased occupancy rates, lower gains on the sale of properties and increased expenses.
Income Opportunity Realty Investors, Inc
Income Opportunity Six Month 2002 Net Income of $2.90 vs. $.95 Net Loss in 2001 Period; Second Quarter 2002 Net Loss of $.62 vs. $.49 Net Loss in 2001 Period
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Income Opportunity Realty Investors, Inc. (AMEX:IOT) announced Wednesday that lower rents from commercial properties contributed to a second quarter 2002 net loss of $889,000, or ($.62) per share, on revenue of $2.89 million, as compared to a net loss of $732,000, or ($.49) per share, on revenue of $2.81 million for the comparable period in 2001. In the six months ended June 30, 2002, a $7.11 million gain on the sale of real estate contributed net income of $4.18 million, or $2.90 per share, on revenue of $5.58 million, as compared to a net loss of $1.45 million, or ($.95) per share, on revenue of $5.56 million for the 2001 period.
American Realty Investors, Inc.
American Realty Investors Reports 2002 Second Quarter, Six Months Net Losses of $1.29 and $1.24 vs. $.78 and $.96 Net Income in 2001 Periods
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) announced Wednesday that the company posted second quarter and six months net losses of $14.70 million and $14.11 million, or $(1.29) and $(1.24) per share, on revenues of $38.64 million and $76.92 million, respectively, as compared to net incomes of $7.93 million and $9.68 million, or $.78 and $.96 per share, on revenues of $48.09 million and $89.54 million, respectively, in the 2001 comparable periods.
Hoenig Group's Form 10-Q for the Second Quarter 2002 Reports a Net Loss Per Share of $0.71 for the Quarter and $0.25 for the Six Months Ended June 30, 2002
RYE BOOK, N.Y., Aug. 14, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) announced today that it has filed its Form 10-Q for the second quarter ended June 30, 2002, reporting a net loss per share, basic and diluted, of $0.71 for second quarter ended June 30, 2002, and a net loss per share, basic and diluted, of $0.25 for the six months ended June 30, 2002. These results differ from the financial results announced by the Company on July 16, 2002 in that they include $1.2 million in professional fees and expenses ($0.7 million after taxes) incurred by the Company through June 30, 2002 in connection with the sale of the Company to Investment Technology Group, Inc. ("ITG"). The Company's stockholders are voting on the proposed merger with ITG at a Special Meeting of Stockholders being held on August 26, 2002. The merger is expected to be completed by the end of the third quarter 2002, subject to the approval of stockholders and regulatory authorities and satisfaction of customary closing conditions.
Competitive Technologies, Inc.
CTT Clients Awarded Over $54 Million Against Wyeth in Materna Litigation
FAIRFIELD, Conn., Aug. 14, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that US Senior District Court Judge John Kane of the US District Court for the District of Colorado yesterday issued a $54 million patent infringement judgment for fraud and unjust enrichment against Wyeth's (NYSE:WYE) American Cyanamid Co. unit, and in favor of CTT's client, the University of Colorado.
Dresser, Inc. Reports Second Quarter, 2002 Financial Results
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Dresser, Inc. today announced financial results for the second quarter ended June 30, 2002. The Company recorded revenues of $420.1 million for the period, an increase of 12.5% over the $373.4 million recorded for the same period last year. Operating income for the quarter ended June 30, 2002 was $34.6 million, a decrease of 19.2% compared to $42.8 million for the second quarter last year. EBITDA for the second quarter of 2002 was $44.9 million, a decrease of 20.0% from $56.1 million for the same period in 2001.
Wolf Popper LLP
Wolf Popper to Amend Securities Fraud Class Action Against Cryolife -- CRY
NEW YORK, Aug. 14, 2002 (PRIMEZONE) -- On August 14, 2002, the FDA ordered Cryolife (NYSE:CRY), a human tissue-processing firm, to recall distributed human tissue processed subsequent to October 3, 2001. The FDA issued the order because it determined that Cryolife cannot ensure that the human tissue it processes for transplantation is free from fungal and bacterial contaminants. A FDA spokeswoman has been quoted as stating that the order was "necessary to protect the public health." The FDA recall order will affect the majority of Cryolife's reported revenue.
Citadel Security Software Inc.
Citadel Security Software CEO & CFO File Financial Statement Certifications with SEC
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Citadel Security Software Inc. (OTCBB:CDSS), a leading provider of vulnerability remediation and security software solutions, today announced the filing of the financial statement certifications by its Chief Executive and Chief Financial officers. The certifications, not required by the SEC for companies below $1.2 billion in revenue during their last fiscal year, were voluntarily submitted to the Commission on Form 8-K. The Company also completed the filing of its Form 10-QSB reporting on the results of operations through the second quarter of 2002.